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Shop talks on economics
Image 28
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Marcy, Mary, 1877-1922. Shop talks on economics - Image 28. 1911. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. September 25, 2017. http://digital.lib.uh.edu/collection/scpamp/item/892/show/851.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marcy, Mary, 1877-1922. (1911). Shop talks on economics - Image 28. Socialist and Communist Pamphlets. Special Collections, University of Houston Libraries. Retrieved from http://digital.lib.uh.edu/collection/scpamp/item/892/show/851

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marcy, Mary, 1877-1922, Shop talks on economics - Image 28, 1911, Socialist and Communist Pamphlets, Special Collections, University of Houston Libraries, accessed September 25, 2017, http://digital.lib.uh.edu/collection/scpamp/item/892/show/851.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Shop talks on economics
Creator (LCNAF)
  • Marcy, Mary, 1877-1922
Publisher Charles H. Kerr & Company
Place of Creation (TGN)
  • Chicago, Illinois
Date 1911
Subject.Topical (LCSH)
  • Economics
  • Socialism
  • Marxian economics
Genre (AAT)
  • pamphlets
Language English
Type (DCMI)
  • Text
Original Item Extent 58, [6] pages; 18 cm.
Original Item Location HX86.M3 1911
Original Item URL http://library.uh.edu/record=b8304396~S11
Original Collection Socialist and Communist Pamphlets
Digital Collection Socialist and Communist Pamphlets
Digital Collection URL http://digital.lib.uh.edu/collection/scpamp
Repository Special Collections, University of Houston Libraries
Repository URL http://libraries.uh.edu/branches/special-collections
Use and Reproduction This item is in the public domain and may be used freely.
File Name index.cpd
Item Description
Title Image 28
Format (IMT)
  • image/jpeg
File Name uhlib_3783716_027.jpg
Transcript 26 SHOP TALKS ON ECONOMICS extent, by working which the working man would only reproduce the value of his laboring-power or replace his wages." (Page 81, Value, Price and Profit, by Karl Marx.) The capitalist owns the product of his wage-worker. When he sells this product he disposes of commodities a part of which have cost him absolutely nothing, although they have cost his workman labor. It is easy to see how the miner received the value of his laboring-power; $2.00 gold contain two hours of labor, $2.00 exchange for—or will buy—the necessaries of life (produced by two hours of labor) which will enable the miner to produce more labor-power for the next day's work. In this case the miner's product, the coal he digs in one day, contains five times the quantity of labor needed to produce the necessaries of life, which produce, in him, more strength or more labor-power. For the things he gets for his labor-power contain only two hours of labor, while the things he produces, and which are claimed by the capitalist, contain ten hours of labor. The miner sells his labor-power and, naturally, the capitalist desires to use it as profitably (for himself) as possible. If the wage-worker demanded commodities in exchange for his products, containing an equal quantity of labor, he would no longer be a wage-worker, for capitalists would no longer employ him. There would be nothing—no surplus value—left for the capitalists.